Every spring, dealers get flush with confidence and excitement as sales and profitability pick up in their used-vehicle departments. This year is no different, and it seems dealers are especially buoyant. Here’s a quick sampling of comments from recent e-mails and phone calls: “I think we’ve cracked the nut, Dale. We’ve finally figured out how […] [Read More]

More than 200 Chevrolet Corvettes and 200 classic/specialty cars will roll onto the grounds of Flint Auto Auction next month for its annual Corvettes and Classics Sale, where more than 1,000 dealers are expected to be in attendance, according to the auction. Beyond the 1,000-plus dealers expected to be on site for the April 10 […] [Read More]

Auto Remarketing learned this morning that Sandy Schwartz not only will serve as the president of Manheim, but will assume the role of president of AutoTrader Group, which includes AutoTrader.com, Kelley Blue Book and VinSolutions. Chip Perry, who has been with AutoTrader.com since its inception in 1997, will leave the company effective May 1, according […] [Read More]

BB&T today announced its 2012 Auction of the Year, an auction location it says is known for setting the bar high. Named the 2012 Auction of the Year is Manheim Tampa, recognized for providing top sales results, sales percentage and expenses relative to liquidation for both BB&T and its affiliate, Regional Acceptance. Other eligibility requirements […] [Read More]

In a year of “encouraging” signs for the auction business, the amount of volume flowing into National Auto Auction Association member facilities climbed more than 6 percent in 2012, and sales for these auctions nearly reached 8 million units. That’s according to NAAA’s 16th annual survey of its members, conducted for the association by CliftonLarsonAllen […] [Read More]

Late last week, Manheim Pennsylvania held its annual Xtreme Spring “100 Grander” sale that not only featured a vast array of highline and other specialty cars, but helped to raise $50,000 for the Wounded Warrior Project. The sale was part of the Manheim Pennsylvania’s highline auction. Included in the lineup were 360 vehicles valued at […] [Read More]

Technology is impacting the auction world in a big way, and KCI Kansas City shared how it is adapting its amenities to help dealers take advantage of growing innovation. The auction recently added photo booths to its auction bays and recondition facility, and it also brought in printed labels for vehicle check-in. Thanks to the […] [Read More]

The ADESA Canada Used Vehicle Price Index was recently updated through February, reflecting a 0.1-percent month-over-month rise in wholesale prices. ADESA's data — powered by ALG Canada — indicates the index climbed  “slightly after being adjusted for seasonality.” And price movements were “mixed” across the segments this past month. Interestingly, minivans, one of the most […] [Read More]

Though off-lease supply in the U.S. is expected to continue growing this year, Canadian dealers may experience the “pain” of tight used supply for a couple of years longer, says ADESA’s Tom Kontos. [Read More]

Choosing from within its ranks, Black Book announced that it has chosen a new senior vice president and editorial director. Tapped for the position is Ricky Beggs. Many in the industry are familiar with this particular exec from his weekly Beggs on the Used Car Market video reports, the latest of which Auto Remarketing reported […] [Read More]